Packaging Corporation of America (NYSE:PKG) Given New $273.00 Price Target at Truist Financial

Packaging Corporation of America (NYSE:PKG) had its price target boosted by investment analysts at Truist Financial from $263.00 to $273.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Truist Financial’s target price would indicate a potential upside of 28.05% from the company’s current price.

A number of other research firms have also recently weighed in on PKG. Citigroup increased their price objective on shares of Packaging Corporation of America from $214.00 to $218.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Zacks Research cut Packaging Corporation of America from a “hold” rating to a “strong sell” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. lifted their price objective on Packaging Corporation of America from $238.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 5th. Wall Street Zen upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group increased their target price on Packaging Corporation of America from $225.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $234.00.

Packaging Corporation of America Trading Up 1.0%

Shares of NYSE PKG traded up $2.07 during mid-day trading on Tuesday, reaching $213.20. 49,982 shares of the company’s stock were exchanged, compared to its average volume of 455,151. The firm has a market capitalization of $19.18 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.33 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.00 and a current ratio of 3.16. Packaging Corporation of America has a 52-week low of $172.71 and a 52-week high of $242.68. The company’s 50-day moving average is $201.42 and its 200-day moving average is $204.20.

Packaging Corporation of America (NYSE:PKG) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $2.73 EPS for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.10). Packaging Corporation of America had a net margin of 10.18% and a return on equity of 19.72%. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company earned $2.65 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Packaging Corporation of America has set its Q4 2025 guidance at 2.400-2.400 EPS. Analysts expect that Packaging Corporation of America will post 10.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Packaging Corporation of America

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Packaging Corporation of America by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,204,307 shares of the industrial products company’s stock worth $2,111,452,000 after acquiring an additional 176,811 shares in the last quarter. State Street Corp boosted its holdings in shares of Packaging Corporation of America by 0.8% in the 3rd quarter. State Street Corp now owns 4,130,877 shares of the industrial products company’s stock valued at $905,383,000 after buying an additional 33,624 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Packaging Corporation of America by 2.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,351,323 shares of the industrial products company’s stock valued at $631,557,000 after buying an additional 78,619 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Packaging Corporation of America by 13.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,085,196 shares of the industrial products company’s stock valued at $672,357,000 after buying an additional 370,573 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Packaging Corporation of America by 2.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,954,605 shares of the industrial products company’s stock worth $426,016,000 after acquiring an additional 55,784 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

Packaging Corporation of America Company Profile

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.